Profund Advisors LLC Boosts Stake in NetEase Inc (NASDAQ:NTES)

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Profund Advisors LLC increased its position in NetEase Inc (NASDAQ:NTES) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,066 shares of the technology company’s stock after buying an additional 1,313 shares during the period. Profund Advisors LLC’s holdings in NetEase were worth $3,700,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. XR Securities LLC purchased a new stake in shares of NetEase in the fourth quarter worth about $532,000. Jefferies Group LLC bought a new stake in NetEase during the fourth quarter worth approximately $446,000. Man Group plc increased its stake in NetEase by 753.4% during the third quarter. Man Group plc now owns 114,100 shares of the technology company’s stock worth $30,371,000 after acquiring an additional 100,730 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in NetEase during the third quarter worth approximately $8,502,000. Finally, Clear Street Markets LLC bought a new stake in NetEase during the fourth quarter worth approximately $429,000. Institutional investors own 48.31% of the company’s stock.

Shares of NTES traded up $10.04 during midday trading on Thursday, hitting $317.94. 855,900 shares of the company’s stock traded hands, compared to its average volume of 880,698. NetEase Inc has a 1 year low of $209.01 and a 1 year high of $361.00. The firm’s fifty day moving average is $328.49 and its 200-day moving average is $306.41. The stock has a market capitalization of $40.76 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 0.50 and a beta of 0.89.

NetEase (NASDAQ:NTES) last released its earnings results on Wednesday, February 26th. The technology company reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.34. NetEase had a return on equity of 37.21% and a net margin of 30.91%. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.16 billion. As a group, research analysts expect that NetEase Inc will post 15.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 13th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Thursday, March 12th. NetEase’s payout ratio is 27.74%.

Several equities research analysts have weighed in on the company. Goldman Sachs Group raised NetEase from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $300.00 to $368.00 in a research note on Wednesday, December 4th. ValuEngine raised NetEase from a “sell” rating to a “hold” rating in a research note on Thursday, March 5th. Barclays boosted their price objective on NetEase from $360.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Macquarie cut NetEase from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 27th. Finally, BidaskClub raised NetEase from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $353.46.

NetEase Profile

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services. It offers various games in a range of genres through mobile devices and PCs, including role-playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

Further Reading: Basic Economics

Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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